First published 2012
Peter Schiff argues that America lives inside a massive government bubble destined to burst. The economist who predicted the 2008 crash examines how stock market gains mask deeper problems. Government debt keeps climbing while politicians raise spending limits instead of cutting costs. Schiff traces connections between local bankruptcies like Detroit and national fiscal patterns. He analyzes the 2013 government shutdown, Federal Reserve policies, and housing market inflation. The author contends that current policies will trigger currency devaluation and systemic breakdown. Schiff proposes solutions including reduced government spending, fewer regulations, agency eliminations, and entitlement cuts. This updated edition adds analysis of recent political scandals and debt crises. The book offers strategies for protecting personal wealth and family security during economic turbulence.
Genres: political-science, politics, economics, non-fiction, 21st-century, finance
Vibes: suspenseful, thought-provoking
Tropes: informed-consent
352 pages · Hardcover · St. Martin's Press